Kraft Foods Inc. (KFT) said that all of the conditions to its recommended final offer to acquire Cadbury Plc (CBY,CBRY.L) have been satisfied or waived and, accordingly, the offer is wholly unconditional.
The Final Offer will remain open until further notice and at least 14 days' notice will be given if Kraft Foods decides to close the Final Offer.
Following receipt of sufficient acceptances, i.e. 75%, Kraft Foods intends to procure that Cadbury will apply for the cancellation of the listing of Cadbury Shares on the Official List and the trading on the London Stock Exchange for listed securities.
Kraft Foods also intends to procure that, as soon as practicable, Cadbury will apply for the delisting of Cadbury ADSs from the NYSE and that Cadbury terminates its ADS program and the Deposit Agreement.
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